Bridging Foes, Blessing Ties: Riyadh’s role in Indo-Pak peace

Who would have thought when Pakistan first announced its nuclear success that this...

Zelenskyy warns the UN that the AI arms race is already here

UNITED NATIONS: Volodymyr Zelenskyy arrived at the green marble rostrum with the cadence...

Trump’s Tylenol scare in pregnancy falls apart under scrutiny

Global health agencies moved to calm a storm of anxiety among pregnant women...

Google and Qualcomm put Windows on notice with an Android PC plan

MAUI, Hawaii — On a warm evening above the Pacific, Google and Qualcomm...

Countries help each other – Mannheimer Morgen

-Advertisement-

Frankfurt – We’re friends! And among friends you stick together when there are problems, right? Many countries in Europe are currently thinking that. The problem for these countries is the corona virus. The virus not only damages the health of many people, it also costs a lot of money. Because companies can sell less than normal and get into trouble. That is why the countries want to help them with money. Could the countries in Europe come together? Corona bonds are often mentioned at the moment.

But what are such bonds actually? States like Germany often borrow money. You also pay something extra on top. This extra money is called interest. Germany, for example, pays little interest because people are sure that they will get their money back later. Other countries that are not doing so well have to pay more interest. If there were common bonds in Europe, the interest rates would be the same for all participating countries.

All countries in Europe are affected by the corona virus. Corona bonds could also be used to cheaply borrow countries that would otherwise have to pay much more. Countries like France and Italy are in favor of such corona bonds. Germany, for example, is against it. It is worried that some of the money problems of other countries will have to be paid later, and points to other options.

More

Iran defies UN snapback, recalls envoys from London, Paris, Berlin

Tehran — Iran framed the impending return of United...

UNGA walkout humiliates Netanyahu as delegates exit in protest

New York — The applause never quite gathered. As...

Trump slaps 25% tariff on heavy trucks from October 1 as US allies bristle

Washington — President Donald Trump said the United States...
Show your support if you like our work.

Author

Muzaffar Ahmad Noori Bajwa
Muzaffar Ahmad Noori Bajwa
Editor-in-chief, The Eastern Herald. Counter terrorism, diplomacy, Middle East affairs, Russian affairs and International policy expert.

Comments

-Advertisement-

Editor's Picks

Trending Stories

Discover more from The Eastern Herald

Subscribe now to keep reading and get access to the full archive.

Continue reading